Nuveen Core Equity Alpha Fund (NYSE:JCE) Trading Down 2.1% – Should You Sell?

Nuveen Core Equity Alpha Fund (NYSE:JCE)’s stock price fell 2.1% during trading on Thursday . The stock traded as low as $15.45 and last traded at $15.56. 49,663 shares changed hands during trading, an increase of 20% from the average session volume of 41,556 shares. The stock had previously closed at $15.90.

Nuveen Core Equity Alpha Fund Price Performance

The business has a 50 day simple moving average of $15.58 and a two-hundred day simple moving average of $15.18.

Nuveen Core Equity Alpha Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.32 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.28 annualized dividend and a dividend yield of 8.22%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in JCE. Larson Financial Group LLC acquired a new stake in Nuveen Core Equity Alpha Fund in the second quarter valued at approximately $30,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Nuveen Core Equity Alpha Fund during the second quarter worth $55,000. Ashton Thomas Securities LLC acquired a new position in Nuveen Core Equity Alpha Fund during the third quarter valued at $61,000. Commonwealth Equity Services LLC lifted its holdings in shares of Nuveen Core Equity Alpha Fund by 9.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 24,088 shares of the company’s stock valued at $361,000 after buying an additional 2,115 shares during the period. Finally, Thrivent Financial for Lutherans lifted its holdings in Nuveen Core Equity Alpha Fund by 34.8% in the third quarter. Thrivent Financial for Lutherans now owns 107,545 shares of the company’s stock valued at $1,687,000 after acquiring an additional 27,780 shares during the period.

About Nuveen Core Equity Alpha Fund

Nuveen Core Equity Alpha Fund is a closed-ended equity mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Fund Advisors LLC, Nuveen Asset Management, LLC, and INTECH Investment Management. It invests in the public equity markets of the United States. The fund also invests some portion of its portfolio in derivatives using futures and options.